Apply for a credit licence

From 1 January 2011, if you want to engage in credit activities you must be:

a credit licence holder, or

otherwise permitted to engage in credit activities (e.g. an authorised representative of either of the above).

Strict penalties may apply to persons who unlawfully engage in credit activities.

Can I engage in credit activities before I'm granted a licence?

If you are setting up a new consumer credit business, you must not engage in credit activities until you have been granted a credit licence, or you are otherwise permitted to engage in credit activities (e.g. authorised as a credit representative).